Analysis: Deliveroo s IPO slump casts doubt over London s post-Brexit ambitions Abhinav Ramnarayan ,
By Abhinav Ramnarayan and Anna Irrera
LONDON (Reuters) - Deliveroo s share price plunge on its London stock market debut has put a question mark over Britain s ambitions to become a home for fast-growing tech companies following its departure from the European Union, investors and analysts say.
Shares in the food delivery company slumped as much as 30% on Wednesday in one of the biggest first day falls for a stock in London. They were down another 2.2% on Thursday.
Many of the reasons for the brutal decline are likely to be company-specific, according to a dozen interviews by Reuters of venture capital (VC) investors, bankers, analysts and tech executives.
Analysis: Deliveroo s IPO slump casts doubt over London s post-Brexit ambitions
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Analysis: Deliveroo s IPO slump casts doubt over London s post-Brexit ambitions
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Deliveroo dives 30% as debut of the decade turns torrid - Netscape Money & Business
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Amazon-backed Deliveroo shares dive 30% as debut of the decade turns torrid
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